Top Cloud Technologies to Look Out for in 2024

What Is Cloud Computing?

Cloud computing is the process of delivering on-demand IT services, including analytics, databases, networking, servers, and storage via the internet. These virtual services provide faster innovation, ease of scalability, and greater resource flexibility.

Most cloud models require you to pay only for the resources you use, making it a cost-effective method of incorporating IT into your business without investing in an in-house data center.

Cloud technologies include virtual services such as software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS), to name a few.

Read more: Highest Paying Cloud Certifications for 2024

If you’d like some more in-depth information about cloud computing, check out this video.

Top Benefits of Cloud Computing

1. Cost savings: One of the main benefits of cloud computing is that it can help reduce costs. For example, businesses no longer need to invest in expensive on-premises hardware and software. Instead, they can access cloud-based applications and services on a pay-as-you-go basis.
2. Scalability: Cloud computing is highly scalable. This means that businesses can easily scale up or down their usage of cloud-based resources as their needs change.
3. Flexibility: Another benefit of cloud computing is that it offers greater flexibility than traditional on-premises IT infrastructure. For example, businesses can quickly provision new resources as they need them and can also easily release them when they no longer need them.
4. Agility: Cloud computing can help businesses achieve greater agility. This means that they can be more responsive to changes in market conditions and can quickly roll out new applications and services.
5. Improved security: Cloud computing can offer improved security compared to traditional on-premises IT infrastructure. This is because cloud providers have expertise in security and can offer a variety of security features, such as data encryption and intrusion detection.
6. Enhanced collaboration: Cloud computing can help improve collaboration among employees. For example, they can share files and documents more easily and can access applications and services from anywhere.
7. Increased productivity: Cloud computing can help employees be more productive. For example, they can access cloud-based applications and services from anywhere and can use them on any device.
8. Disaster recovery: Cloud computing can help businesses recover from disasters more quickly. This is because they can use cloud-based backup and disaster recovery services.
9. Environmental benefits: Cloud computing can help businesses reduce their carbon footprint. This is because cloud providers use energy-efficient data centers and use renewable energy to power their operations.
10. Improved customer experience: Cloud computing can help businesses improve the customer experience. This is because they can use cloud-based applications and services to provide a better experience to customers.

Read more: Ways to Level Up Your Career in Cloud Computing

Cloud Computing Services

Cloud computing services can be divided into three main categories:

1. Infrastructure as a Service (IaaS): IaaS providers offer customers the ability to rent IT infrastructure on an as-needed basis. IaaS includes all the basic building blocks of cloud computing, such as storage, networking, and servers. Popular IaaS providers include Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).
2. Platform as a Service (PaaS): PaaS providers offer customers the ability to develop, run, and manage applications on a cloud-based platform. PaaS includes everything that is needed to build and run an application, such as a web server, database, and development tools. Popular PaaS providers include Heroku, AWS Elastic Beanstalk, and Google App Engine.
3. Software as a Service (SaaS): SaaS providers offer customers the ability to use a cloud-based software application. SaaS applications are usually delivered through a web browser, and customers do not need to install or manage the software. Popular SaaS applications include Google Docs, Microsoft Office 365, and Salesforce.

Cloud computing services can be deployed in three different ways:

1. Public cloud: The public cloud is a type of cloud computing that delivers services over the public Internet. Public clouds are owned and operated by third-party cloud service providers, such as AWS, Azure, and GCP.
2. Private cloud: The private cloud is a type of cloud computing that delivers services over a private network. Private clouds are owned and operated by enterprises, and they can be either on-premises or off-premises.
3. Hybrid cloud: The hybrid cloud is a type of cloud computing that delivers services over a combination of public and private networks. Hybrid clouds use a mix of on-premises and third-party resources, and they can be either managed or unmanaged.

Examples of Cloud Computing

One of the most common examples of cloud computing is web-based email, like Gmail or Outlook. When you use a web-based email service, your messages and attachments are stored on the email provider’s servers, not on your own computer.

Another example of cloud computing is online document storage and collaboration services like Google Docs or Microsoft Office 365. These services enable you to create, edit, and share documents with others over the internet. Your documents are stored on the service’s servers, not on your own computer.

How Important is the Cloud?

The cloud has been a game-changer for the tech industry, and its impact is only growing. There are many reasons why the cloud is so important. First, it’s very convenient. You can access your data and applications from any computer or mobile device with an internet connection. Second, it’s efficient. The cloud can store a lot of data, and it’s easy to scale up or down as your needs change. Third, it’s flexible. You can use the cloud for a variety of purposes, from storage to computing power to software-as-a-service (SaaS) applications. Fourth, and perhaps most importantly, the cloud is secure. Your data is stored in secure data centers, and it’s backed up in multiple locations. This makes it much less likely that your data will be lost or compromised.

Core Elements of Cloud Computing

The key elements of cloud computing are:

• Elasticity: The ability to scale up or down as needed, in order to meet demand.
• Pay-as-you-go pricing: You only pay for the resources you use, when you use them.
• Self-service: The ability to provision and manage your own resources, without needing to go through a lengthy approval process.
• Shared resources: The ability to share resources with other users, in order to increase efficiency and reduce costs.
• Multi-tenancy: The ability to have multiple users on the same platform, without each user having their own dedicated resources.

How Does Cloud Computing Work?

If we want to better understand how cloud technologies work, we need to look at the three cloud technology deployment models.

Public

Public clouds are the most common and popular type. This product is offered to customers by cloud providers, and the resources are accessible via the public internet. The providers take care of everything concerning infrastructure. Providers include (but aren’t limited to) Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Platform.

Private

The private cloud is like an in-house data center. The organization pays for and manages the infrastructure and staff and enjoys the usual cloud computing benefits like scalability and resource sharing by leveraging virtualization.

Hybrid

The hybrid cloud combines the public and private models, linking them via the internet and virtual private networks. The hybrid model is ideal for businesses that want to have an offsite virtual backup for disaster mitigation or if the organization has used up all its in-house resources and requires additional computing power. Hybrid works particularly well if an organization has data stored on a public cloud, thereby freeing up storage space in the private cloud for private and confidential data.

Regardless of the chosen model, customers shop around for their ideal cloud provider and decide what services they want to use (SaaS, IaaS, PaaS). In fact, you may already be using a SaaS without realizing it! If you use apps such as Slack, Dropbox, Microsoft Office 365, or DocuSign, then congratulations, you’re using SaaS.

Since providers offer cloud services as subscriptions, the customer decides the usage level (many providers offer ascending tiers of user ranges) and pay a monthly, or annual, fee to access the resources in question.

Now before we look into cloud technologies, let us learn the advantages of cloud computing.

The Advantages of Cloud Computing

The primary, all-encompassing reason to adopt cloud computing is that the business doesn’t need to concern itself with building, staffing, and maintaining an in-house data center. The company pays the provider to worry about all that.

However, there are many more advantages to using the cloud, such as:

1. Cost-efficiency. Customers don’t have to buy equipment or pay the salaries of an entire IT department to maintain and upgrade infrastructure and related software. And let’s not forget the elimination of other related expenses like utility costs (e.g., electricity).
2. Speed. Cloud providers supply their customers with rapid, on-demand self-service, so just a few clicks of a mouse brings any needed resource expansions up and running online.
3. Elastic scaling. Maybe a company needs more cloud resources during certain times of the year (e.g., holiday sales, month-end accounting) and fewer resources at other times. Elastic scaling gives the customer access to the right amount of resources (e.g., storage, processing power, bandwidth) only when they’re needed through automation.
4. Increased productivity. As a rule, cloud computing doesn’t result in the complete removal of the customer’s IT department, but it does reduce the necessity of having a vast department. With the cloud provider handling time-consuming, mundane chores like software patches and hardware setup, the customers can have a streamlined, efficient IT department free to handle the more strategic business needs.
5. Security. Although the idea of having confidential data stored offsite on a shared server sounds scary, cloud providers know that if they want to stay in business, they better provide excellent security. Fortunately, they do.
6. Business continuity. Cloud computing can back up and mirror useful data on many redundant network sites, making it easier for businesses to recover from disasters.

The Disadvantages of Cloud Computing

If cloud computing were perfect, everyone would be doing it. And although cloud computing is a prevalent and continuously growing platform, it brings along its share of drawbacks that prevent it from being universally embraced.

1. What was that about the cost? Just like renting a living space isn’t necessarily cheaper than buying a house outright, cloud computing platforms aren’t always a great bargain. The cost comes down to the business’ unique needs and situations. It could be that it’s cheaper to have a small, in-house data center that runs the same applications as clockwork every month.
2. Migration can also be expensive. In some situations, migrating from an in-house system to the cloud may incur excessive expenses and pose a significant difficulty.
3. There are still trust issues. Some businesses balk at the idea of their confidential information stored on the same servers as their competitors’ data, potentially crippling a competitive advantage.

We will now learn about the top cloud technologies.

The Top Cloud Technologies

The term “technology,” when used in context with cloud computing, is fluid. For example, some experts consider the above-mentioned deployment models (SaaS, etc.) “cloud technologies.” With that in mind, here are other technologies and terms that will figure prominently in the cloud industry in 2024.

Edge

Edge cloud computing will cut into the traditional cloud platform market shares. Rather than a centralized cloud network, network edge computing leverages smaller, containerized, portable components being processed on a network of decentralized servers. This architecture involves positioning processors, data storage, and servers as close as possible to the users who need them the most. Edge cloud computing reduces the distances between the processor and the end-user points of network functionality, resulting in minimal latency, easier maintenance, and a smaller carbon footprint.

Serverless

According to the Flexera 2020 State of the Cloud report, serverless was one of the five fastest-growing PaaS cloud services that year. Often referred to as Function as a Service (FaaS), serverless computing lets developers write and deploy code without concerning themselves with provisioning cloud resources. Automation takes care of the server’s configuration and provisioning, so that developers can devote their time and energy to coding.

SASE

Secure Access Service Edge (or SASE and pronounced “sassy”) is a network architecture that improves remote access by combining software-defined wide area network (WAN) functions with cloud-native network security assets. These assets include secure web gateways, firewalls as a service, zero-trust network access, and cloud access security brokers. We can thank the increased work at home practices brought about by COVID-19 for SASE’s rising importance.

Cloud Migration and Data Privacy

The new workforce reality spurred by COVID-19 has also pushed secure data migration to the forefront of IT and data governance teams. With more people working remotely, the concepts of data encryption and consumer privacy will take on increased importance.

Automated Cloud Orchestration 

Sometimes, the sheer number of interconnected services overwhelms the best of IT organizations. These increased demands for better quality and more significant quantities of interconnected services have boosted the development of automated cloud orchestration and optimization to a high-priority undertaking.

Multicloud

Increased competition among cloud platform providers has resulted in some providers partnering up in interconnecting relationships. These multi-cloud environments help smaller providers take on the big guys, such as AWS. This arrangement, also called “joint cloud provider offerings,” lets customers migrate across linked cloud platforms, giving them more power to run their heavier workloads.

5 Popular Cloud Computing Trends to Watch Out for in 2024

As businesses adapted to the global pandemic and work moved to a virtual environment, cloud computing became increasingly popular. 2024 has been similar to the last couple of years and will continue to do so. Here we have listed some of the key cloud computing trends that we need to keep in mind:

1. Focus on Sustainability to Drive More Cloud Adoption

More and more companies across the globe have sustainability as their prime focus. Most of the businesses understand that reducing the energy usage associated with computing engines, infrastructure services, and bigger storage requirements will help them move towards sustainability. Most of the technology giants will utilize 2024 to find innovative cloud innovations to achieve zero carbon emissions.

2. Cloud Computing to Play a Key Role in AI

Right from Google searches to using different filters on Facebook or Instagram, cloud computing has always been playing a key role in delivering artificial intelligence services. AI and machine learning will continue to evolve in the coming years to bring us newer products and services and cloud computing will continue to play an important role in delivering these services and also help build the required infrastructure in the future.

3. Cloud Will Evolve to Develop New Use Cases

According to Gartner, cloud spending globally is expected to near a staggering $500 billion by the end of 2024. Cloud computing will continue to be a strong backbone of almost every digital service. With the advent of faster computing speeds and networks such as Wi-Fi 6E and 5G, we will not only see more data being streamed but also different formats of data being streamed. The arrival of cloud augmented reality and virtual reality technologies will lead to innovations across industries. This will only lead to companies moving towards cloud services even more.

4. “Functions as a Service” Will Gain Popularity

Also termed as ‘serverless’, functions as a service will gain tremendous popularity in the coming years. As companies need not invest on large servers, they can opt for a service which will expand their server requirements as and when their applications need it. Obviously, it won’t be really serverless – servers will still be present but the users won’t have to get involved with the technicalities and configurations. This will help in making innovation more accessible to companies and creating new experiences for users.

5. Hybrid Cloud Environments Will Soar

Traditionally companies would have two options when migrating to the cloud environment – private or public cloud. But today, companies have an option to experiment with hybrid cloud which is a combination of private and public clouds. Data that needs to be delivered to users quickly and is frequently accessed can be stored in public clouds whereas the critical company information can be stored in private clouds using proprietary applications. With the usage of multiple services from different vendors can make things complex. Hybrid cloud setup will help in simplifying the complex nature and streamline the user experience.

Your New Career is in the Clouds

The future of cloud computing looks bright, and that translates into more career opportunities in an ever-growing field. However, to get established in a cloud-based career, you need to master specific skills.

Simplilearn offers a whole range of cloud computing courses and bootcamps, perfect for both the aspiring beginner and as a means of upskilling for the experienced cloud professional.

For the beginner, check out the AWS Solutions Architect Certification Training Course. This course enables you to design, plan, and scale AWS implementations utilizing over 70 cloud computing services. You will master AWS architectural principles and services such as IAM, VPC, EC2, EBS, and elevate your career to the cloud and beyond. Additionally, the AWS course is aligned with the latest AWS exam featuring Amazon designated best practices.

When you’re ready to take your cloud computing skill sets to the next level, take the Post Graduate Program in Cloud Computing. This course, designed in collaboration with the Caltech CTME, will make you an Azure, AWS, and GCP expert. It’s a comprehensive, career-focused course that helps you master critical architectural principles and develop the skills needed to become a cloud expert.

According to Ziprecruiter.com, cloud architects can earn an annual average of USD 153,318, with a range between USD 89,500 and 210,500. Let Simplilearn open the door to an in-demand, well-paying career on the cutting edge of information technology. Check out these cloud courses today!